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Investment Comparison Activity2
Investment Comparison Activity2
Annual Interest
Rate
Investment 1:
Savings
.15%-25%
Investment 2:
CD
.4%
Investment 3:
Chase Savings Plus
.03%
$10
$1,000-9,999
$100
None
Minimum balance
of 15,000
NCUA
NCUA
FDIC
None
1 Year
None
None
Yes
$5 if under
$15,000
$10
$1000
$100
None
None
None
Saving
Personal saving
College
Minimum Initial
Deposit (e.g.
$500, etc.)
Minimum
Subsequent
Deposit
(Monthly,
Weekly, Every
Pay, etc.)
Safety (insured
by FDIC, NCUA,
other
Date to Maturity
Up-front cost or
commission, if
any
Service Charges,
Fees
Investment
Objectives
(retirement,
personal saving,
college, other)
Investment Comparison
1. Which investment seems to be the best option for you? Why? Which is the
least? Why? What surprised you the most when researching your
investments? What was the most difficult part? (give detail) Ai would prefer a
savings account with the credit union because I do not want any fees or
costs. The least helpful one would be the savings plus from Chase because I
would not be able to go past the $15,000 minimum. I was surprised on how
high a minimum was required for the Savings Plus account. The most difficult
part was deciding what kind of invest objective I had.
2. What investment option could you start in the near future? savings
3. What is the most important aspect of investing for you? The accessibility of
my money.
4. Discuss investing with an adult who has investments (of any kind). Ask how
they started investing, what age they began investing, why they invest, and
what they recommend/suggest before starting any kind of investment. My
mom got a job at 15 and worked every day she had 6 hour shifts, my mom
requests that I get a job.